Verint completed the spin-off of Cognyte in a $1.97bn deal.

Verint, an analytics company, completed the spin-off of Cognyte, a security analytics software provider, in a $1.97bn deal. "Verint becoming a pure-play customer engagement company is happening at the exact right time – a time when digital transformation is driving significant change in how brands engage with their customers. Verint helps organizations break down barriers and eliminate the constraints of organizational and data silos to achieve boundless customer engagement. With our open cloud platform, significant domain expertise and broad partner ecosystem, we are well positioned to help brands build enduring customer relationships," Dan Bodner, Verint CEO.